5 Stocks To Sell According To Billionaire Louis Bacon

4. Vulcan Materials Company (NYSE:VMC)

Number of Hedge Fund Holders: 36

Vulcan Materials Company (NYSE:VMC) is an American company supplying construction materials such as gravel, crushed stone, and sand. The company is headquartered in Birmingham, Alabama. In Q3 2021, billionaire Louis Bacon purchased 301,372 Vulcan Materials Company (NYSE:VMC) shares, worth approximately $51 million, which his hedge fund sold off entirely in the fourth quarter. 

On January 13, Barclays analyst Adam Seiden raised the price target on Vulcan Materials Company (NYSE:VMC) to $240 from $239 and kept an Overweight rating on the shares. The analyst recommends staying “nimble” in the machinery sector, “where the bar is relatively high” going into the Q4 results.

Among the hedge funds tracked by Insider Monkey, 36 funds reported owning stakes in Vulcan Materials Company (NYSE:VMC) in Q4 2021, totaling $2.2 billion, as compared to 43 funds in the preceding quarter, holding stakes in Vulcan Materials Company (NYSE:VMC) worth $1.92 billion. Stockbridge Partners is the biggest Vulcan Materials Company (NYSE:VMC) stakeholder as of Q4 2021, with 1.6 million shares, valued at $342 million.